News
Sullivan takes non exec role at CGSC
Cooper Gay Swett & Crawford has appointed Martin Sullivan as non-executive chairman of CGSC Delaware, the main board for the Group’s North American operations.
Market Moves: Busy insurers make a raft of hires along with a number of key departures
Insurers led the way in a recruitment frenzy this week. AIG swooped for a head of commercial property, while Hardy acquired a property treaty business unit manager. There were departures too, with QBE’s Steven Burns announcing retirement from full time…
McLarens partners with environmental adjuster
Global loss adjuster McLarens has partnered with US-based Global Risk Solutions, which specialises in environmental claims.
Ace adds crime insurance to online trading platform
Ace Group has added crime cover to Ace Online, a web-based trading tool that allows brokers to quote and bind specialist insurance business.
CDL unveils new director of service
Insurance software house CDL has appointed Stuart Bishop to the newly created post of director of service.
Willis Re forecasts at least £300m loss from St Jude storm
UK losses from storm St Jude are likely to be in the region of £300-£500m, according to Willis Re.
Winter storm Christian is worst in a decade
Winter storm “Christian” (known as “St. Jude” in the United Kingdom) battered the western shores of southern Britain early on Monday, October 28, 2013, as one of the strongest extratropical cyclones to affect the region in perhaps a decade.
Highlights from The Claims Event 2013
With the birth of the new regulator and major regulatory changes, The Claims Event 2013 was a key conference for claims professionals to attend this year to learn about the latest industry developments.
Reader appointed global head of insurance at KPMG
KPMG has promoted head of insurance advisory in the UK Gary Reader to the role of global head of insurance.
Business growth sees Enterprise appoint SSP to replace legacy systems
Gibraltar-based Enterprise Insurance has selected technology solutions provider SSP to replace its existing legacy administration systems.
Saga appoints IPO advisor
Acromas-owned insurer Saga has appointed STJ Advisors ahead of a 2014 float.
Hyperion acquires US underwriting agency
Hyperion Insurance Group has acquired PGI Commercial through its subsidiary Dual.
13 die in European storm
A powerful storm swept across North Europe yesterday with some devastating consequences.
Australian catastrophes have cost AUS$8.8bn since 2010
Catastrophes since the start of 2010 have caused billions of dollars of damage across Australia with insurance losses of more than AUS$8.8bn ($8.4bn).
St Jude claims unlikely to halt falling premiums
Damage to homes in the south and southwest as a result of storm St Jude is unlikely to be significant enough to halt the downward trend of household premiums, according to broker AA Insurance.
Biba given green light by members to instigate strategic restructure
The British Insurance Brokers’ Association has today rubber stamped proposals to restructure its membership and governance models outlined in its strategic review amid overwhelming support from members.
Flooding expected as South bears brunt of storm damage
The insurance sector faces a hefty bill from storm St. Jude, as claims start to filter through from across the UK.
Former Lloyd’s exec Langley to head UK Financial Services Investment Organisation
Sue Langley, a former executive director of both Lloyd’s and Hiscox, has been named as the head of UK Trade and Investment’s Financial Services Investment Organisation.
XL Group appoints Asia property fac head
XL Group has appointed Pamela Ross to the position of vice president, property facultative for the Asia region.
Former Lloyd’s exec Langley to head government Financial Services Investment Organisation
Sue Langley, a former executive director of both Lloyd’s and Hiscox, has been named as the head of UK Trade and Investment’s Financial Services Investment Organisation.
LV CEO predicting motor rates recovery as GWP continues to fall
LV group chief executive Mike Rogers has blamed falling motor premiums for a £20m drop in the firm’s general insurance gross written premium total for the opening nine months of the year.
Insurers braced for aftermath of St Jude storm
Insurers are assessing the damage this morning after strong winds battered England and Wales throughout Sunday night and Monday morning.
Hanks named Purple Partnership non-exec chair
Former Allianz Commercial boss Chris Hanks has been named non-executive chairman of Jelf-owned broker network Purple Partnership.
Insurance Europe calls for amendments to IASB accounting rules
Insurance Europe has welcomed revised proposals from the International Accounting Standards Board to account for insurance contracts but has asked for further amendments to achieve "a workable accounting standard".